Bank of New York Mellon Corp Sells 262,356 Shares of Wells Fargo & Company $WFC

Bank of New York Mellon Corp decreased its holdings in shares of Wells Fargo & Company (NYSE:WFC) by 1.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,956,199 shares of the financial services provider’s stock after selling 262,356 shares during the period. Bank of New York Mellon Corp owned about 0.56% of Wells Fargo & Company worth $1,505,089,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in WFC. Ballentine Partners LLC boosted its position in shares of Wells Fargo & Company by 2.0% in the third quarter. Ballentine Partners LLC now owns 43,723 shares of the financial services provider’s stock worth $3,665,000 after purchasing an additional 878 shares during the period. Retirement Planning Co of New England Inc. grew its holdings in Wells Fargo & Company by 1.1% during the 3rd quarter. Retirement Planning Co of New England Inc. now owns 18,669 shares of the financial services provider’s stock valued at $1,565,000 after buying an additional 198 shares in the last quarter. Mystic Asset Management Inc. raised its position in shares of Wells Fargo & Company by 1.0% during the third quarter. Mystic Asset Management Inc. now owns 28,520 shares of the financial services provider’s stock valued at $2,391,000 after buying an additional 285 shares during the last quarter. Tobias Financial Advisors Inc. lifted its holdings in shares of Wells Fargo & Company by 12.2% in the third quarter. Tobias Financial Advisors Inc. now owns 3,390 shares of the financial services provider’s stock worth $284,000 after buying an additional 368 shares in the last quarter. Finally, Hussman Strategic Advisors Inc. purchased a new position in shares of Wells Fargo & Company in the third quarter worth $1,760,000. Institutional investors own 75.90% of the company’s stock.

Wells Fargo & Company Stock Performance

Shares of WFC stock opened at $88.71 on Wednesday. The company has a quick ratio of 0.84, a current ratio of 0.90 and a debt-to-equity ratio of 1.05. The firm has a market cap of $278.47 billion, a price-to-earnings ratio of 14.15, a PEG ratio of 0.96 and a beta of 1.09. Wells Fargo & Company has a 52-week low of $58.42 and a 52-week high of $97.76. The company’s 50 day moving average is $90.52 and its 200 day moving average is $85.10.

Wells Fargo & Company (NYSE:WFC) last posted its earnings results on Wednesday, January 14th. The financial services provider reported $1.76 EPS for the quarter, beating analysts’ consensus estimates of $1.66 by $0.10. The company had revenue of $11.97 billion during the quarter, compared to analysts’ expectations of $21.63 billion. Wells Fargo & Company had a net margin of 17.27% and a return on equity of 12.90%. Wells Fargo & Company’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.43 earnings per share. On average, sell-side analysts anticipate that Wells Fargo & Company will post 5.89 EPS for the current fiscal year.

Wells Fargo & Company Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, March 1st. Stockholders of record on Friday, February 6th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, February 6th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.0%. Wells Fargo & Company’s payout ratio is 28.71%.

Wells Fargo & Company News Summary

Here are the key news stories impacting Wells Fargo & Company this week:

• Positive Sentiment: Board approved a quarterly common dividend of $0.45 per share (payable Mar. 1; record Feb. 6) — strengthens cash return to shareholders and supports yield-sensitive demand for the stock. Wells Fargo & Company Announces Common Stock Dividend
• Positive Sentiment: Appointed Faraz Shafiq (former AWS executive) as Head of AI Products & Solutions — a strategic hire that signals commitment to AI-driven product development, operational efficiency and competitive differentiation in banking. Wells Fargo Appoints AWS Exec Faraz Shafiq as Head of AI Products and Solutions
• Positive Sentiment: Joined Lockheed Martin, PG&E and Salesforce in EMBERPOINT™, an AI-powered wildfire prevention/response venture — showcases partnership capability, ESG engagement, and potential for product/service contracts with utilities and governments. Lockheed Martin, PG&E Corporation, Salesforce and Wells Fargo Launch EMBERPOINT™ to Transform America’s Wildfire Prevention, Detection and Response
• Neutral Sentiment: Industry context: major banks are investing heavily in generative AI — supports Wells Fargo’s AI hires but is a sector-wide trend rather than a unique catalyst. From JPMorgan to Wells Fargo, here’s how the biggest banks on Wall Street are using AI
• Neutral Sentiment: Wells Fargo research activity (coverage changes on energy and tech names) is notable for market color but doesn’t directly move WFC fundamentals. Magnolia Oil raised, Matador Resources cut at Wells Fargo amid uncertain oil macro
• Negative Sentiment: Analyst scrutiny persists after Q4: a small TD Cowen price-target trim and commentary on a top-line miss keep some investors cautious about sustainable revenue growth. Why Analysts Are Closely Watching Wells Fargo & Company (WFC)
• Negative Sentiment: Media commentary (Jim Cramer) highlighting earlier share weakness and consumer/payments-related scrutiny may add short-term selling pressure for some investors. Jim Cramer Discusses Wells Fargo (WFC) & Trump Credit Card Cap

Analyst Ratings Changes

A number of brokerages have issued reports on WFC. Wolfe Research reiterated an “outperform” rating and issued a $109.00 price target on shares of Wells Fargo & Company in a report on Wednesday, January 7th. Evercore ISI decreased their target price on Wells Fargo & Company from $110.00 to $105.00 and set an “outperform” rating on the stock in a research report on Thursday, January 15th. Barclays lifted their price objective on Wells Fargo & Company from $94.00 to $113.00 and gave the stock an “overweight” rating in a research note on Monday, January 5th. Freedom Capital downgraded shares of Wells Fargo & Company from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 15th. Finally, Bank of America lifted their price target on Wells Fargo & Company from $92.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, October 15th. Thirteen analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Wells Fargo & Company currently has a consensus rating of “Moderate Buy” and an average price target of $94.87.

Wells Fargo & Company Profile

Wells Fargo & Company is a diversified, U.S.-based financial services company headquartered in San Francisco, California. Founded in 1852 by Henry Wells and William G. Fargo, the firm has evolved from its origins in express delivery and pioneer-era banking into one of the largest full-service banks in the United States. The company provides a broad range of financial products and services to individual, small business, commercial, and institutional clients. Charles W. Scharf serves as chief executive officer.

Wells Fargo operates across several core business segments, including consumer banking and lending, commercial banking, corporate and investment banking, and wealth and investment management.